Friday, October 10, 2008

10/10/08- Dow Continues Its Fall; Down by 128

10/10/08- The Dow fell another 128 points today to close at 8,451.19 while the S&P 500 lost 10.70 to close at 899.22. The NASDAQ gained 4.39 to close at 1,649.51. Oil dropped $8.63 per barrel to close at $77.99 per barrel. The Ten Year Treasury Note lost .91 to close at 100.97 pushing the yield up to 3.88%. The dollar gained .02004 against the Euro so one Euro will buy$US 1.33976. The markets have dropped significantly since last Friday when the Dow closed at 10,325 a loss of 1,874. The S&P 500 lost 200 since last Friday and NASDAQ lost 267. Oil went from 93.88 to 77.99 in a week's time, a lost of $15.89 per barrel. The Ten Year Treasury went from 103.19 down to 100.97. The dollar gained .04088 against the Euro this past week. That's it from Atlanta for the week.